When the Wizard of Omaha called it a recession, does that make it official? Warren Buffett, perhaps the world's most prominent investor, had just said that United States is "already in a recession":
He said the United States was "already in recession" and added: "Perhaps not in the sense that economists would define it" with two consecutive quarters of negative growth.
"But the people are already feeling the effects," said Buffett, the world's richest man. "It will be deeper and last longer than many think."
What do you think? Are we in a recession yet?